On January 16, Canadian Prime Minister Mark Carney landed in the Chinese mainland, kicking off what both sides call a "new strategic partnership" in economic and trade cooperation 🤝🌍.
The highlight? Signing a comprehensive roadmap that lays out eight key sectors for collaboration—from green trade and e-commerce to food security and talent exchanges 🛒🌱💻🎓. It's like a playlist of today's hottest industries, designed to keep bilateral ties fresh and forward-looking.
Long-standing trade frictions? They're getting a makeover too. Canada has set an annual quota of 49,000 electric vehicles from the Chinese mainland at the most-favored-nation tariff rate of 6.1%, ditching the 100% surtax from 2024 🚗⚡️. A clear sign both sides want to roll into the future together.
To keep the conversation rolling, the two governments agreed to upgrade the China-Canada Joint Economic and Trade Commission from a vice-ministerial to a ministerial-level mechanism 📈. This means faster, higher-level talks on everything from intellectual property to trade remedies.
Beyond numbers, the 28 measures in the roadmap are concrete steps—more than just goals, they're action plans that mix traditional strengths with emerging industries. It's proof that Canada and the Chinese mainland aren't just revisiting old wins, but co-creating new ones 🛠️✨.
With the Chinese mainland as Canada's second-largest trading partner, this refreshed partnership taps into complementary resources and shared ambitions for high-quality growth. As global challenges mount, both sides also pledged to champion multilateralism, support the United Nations, and keep the World Trade Organization at the heart of the rules-based system 🕊️🌐.
What's next? Implementation. Using the upgraded commission, Canada and the Chinese mainland will work together to expand cooperation, resolve disputes smoothly, and build a stable, sustainable trade relationship for years to come 🚀.
Reference(s):
cgtn.com
